M&A
confidence high
sentiment neutral
materiality 0.70
Bally's stockholders approve merger with Standard General; rolling share election results disclosed
Bally's Corp
- Special meeting on Nov 19 approved Merger Agreement with SG Parent LLC: 28.1M for, 0.2M against.
- Unaffiliated stockholder vote also passed: 13.3M for, 0.2M against.
- Approx. 17.5M shares (incl. 8.85M from Standard General, 4.95M from Noel Hayden) elected to remain outstanding as rolling shares.
- Rolling shares will trade under 'BALY.T' temporarily, then revert to 'BALY' post-merger.
- Closing expected Q1 2025, subject to regulatory approvals.